Major corporate entities continue large-scale Bitcoin and Ethereum acquisitions

58CRYPTO

Major corporate entities continue large-scale Bitcoin and Ethereum acquisitions

⚡ Markets: Sustained large-scale buying by corporate treasuries provides price support and signals institutional conviction in Bitcoin and Ethereum as macro assets. Bullish for BTC and ETH prices, as well as for the stocks of the acquiring companies.BTCETHMSTR

Several publicly traded companies have announced significant cryptocurrency purchases. Strive acquired 1,800 BTC, becoming the fifth-largest corporate holder. Strategy added 4,603 BTC to its treasury. Meanwhile, Tom Lee's Bitmine purchased 53,500 ETH, now controlling 4.9% of Ethereum's total supply.

West MSM: noneFinancial press 91 country

9 sources across the spectrum

Financial pressThe Block — Strive becomes fifth-largest public bitcoin treasury after 1,800 BTC buy, TD Cowen lifts ASST price target

Financial pressCointelegraph — Strive buys 1,800 Bitcoin for $143M, becomes fifth-biggest corporate holder

Financial pressCointelegraph — Bitmine now controls 4.9% of Ethereum supply after adding 53.5K ETH

Financial pressDecrypt — Tom Lee's Bitmine Buys $131M of ETH in Largest Ethereum Purchase Since June

Financial pressThe Block — Tom Lee says ether is 'best performing macro asset' as Bitmine adds 53,501 ETH

Financial pressThe Block — 'We're back': Strategy buys another 4,603 bitcoin for $369.7 million as holdings hit 845,050 BTC

Financial pressCoinDesk — Bitmine makes largest ether purchase since June as Tom Lee points to crypto's strong Q3

Financial pressDecrypt — Strategy Buys $370M of Bitcoin in First Purchase Since June

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